0 sats \ 6 replies \ @nout 28 Oct 2022 \ on: Kollider AMA bitcoin
Are you planning to be a stablecoin provider for open source mobile wallets?
We're currently working on an open source project called LndHubX (https://github.com/kolliderhq/lndhubx). This service gives anyone the ability to offer their users bitcoin backed synthetic fiat accounts. So if you have an open source wallet you can deploy an instance of lndhubx and start offering fiat accounts to your users. Note though, these fiat accounts are custodial.
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This is clearly going to become one of the best use case for Kollider. I am thinking of a non custodial solution where lnbits has a UI to switch from sats stable and in the backend it automatically hedges using lndhubx. All connected to my node which makes it non-custodial.
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We're working with Galoy to get Kollider integrated with their dealer, which would allow for the mobile BitcoinBeach wallet to hedge on our exchange.
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As far as I know, they built their own solution for stable sats, so the plan is to switch to Kollider?
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So the way their stablesats system works is via a dealer that hedges against the total liability of the platform. It's a pluggable system and currently uses Okex. Kollider would be the second exchange to be added, increasing the overall hedging system's durability.
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Definitely. We hope more and more wallets integrate with our stablecoins. More info here if you're interested.
We're also currently working with Galoy to integrate Kollider into Stablesats.
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